Distressed Loans Restructured

The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said. 
Restructuring was proposed by the National Coronavirus Headquarters as part of measures to help manufactures ravaged by Covid-19, said Mohammad Nahavandian. 
"The deadline was first extended to the last yearend (March 2020) but many companies were unable to service their debts due to coronavirus outbreak at the time," IRNA quoted Nahavandian as saying.